Home NEWS CRIME House Of Reps Re-Awakens N60 Billion Fraud In Defunct Nigerian Airways

House Of Reps Re-Awakens N60 Billion Fraud In Defunct Nigerian Airways

The House of Representatives has collectively reawakened alleged looting of N60 Billion in the defunct Nigeria Airways, vowing to expose the identities of those indicted in the fraud.

The House resolved to identify those involved and were indicted by the White Paper, with the aim of ensuring that they are prosecuted and made to refund the loot.

The resolution made yesterday, Tuesday, after a motion, under matters of urgent public importance, was moved by James Faleke (APC-Lagos),  at a plenary which was presided over by Speaker Yakubu Dogara.

Faleke said that long before the advent of the present administration, the Olusegun Obasanjo-led Federal Government had established the Justice Obiora Nwazota Judicial Commission to probe the operations of the company in 2002.

According to him, the commission turned in a report which revealed the mind-boggling corruption and looting to the tune of N60bn.

“The White Paper was approved by the Federal Government and further directed the Federal Ministry of Finance and the Police to recover the stolen funds and prosecute the indicted culprits,” he said.

The lawmaker expressed worry that till date, nothing has been heard of the report, adding: “those indicted in the report are believed to be largely visible in the public arena, while the ex-workers continue to languish in abject poverty, having been denied the rights to their entitlements, with many of them reportedly dead without receiving their entitlements.

“The House notes that, if the Federal Ministry of Finance and the Police had acted as directed in the White Paper, the ex-workers would not have suffered so much pain and deprivation.”

Faleke stressed that despite the release of the White Paper and the approval given to the paper as well as the directive on an inquiry into the matter, the previous governments refused to prosecute the culprits indicted in the report.

See also:  Let's Take Africa To Great Heights, Whatever It'll Take, Tinubu Urges President Ramaphosa

“The House is further concerned that those who have been identified to have looted this humongous sum of N60bn in 2002, a sum whose value will no doubt be in the region of about N200bn in present-day Nigeria, might have been using the said fund to fight, destabilise the government and, in some cases, may have bought their way out of prosecution and possible conviction,” he said.

He said that the Federal Government, under President Muhammadu Buhari had commenced the payment and offsetting of 50 per cent of the outstanding entitlements of the ex-workers in the total sum of N22.6bn.

Faleke, who said the payment was the first tranche, said the balance of 50 per cent in the same amount would be paid in 2019.

When the motion was put to a voice vote by the Speaker, the lawmakers unanimously supported it.

The House, therefore, directed the setting up of an ad hoc committee to reveal reasons those indicted in the report of the White Paper had not been prosecuted despite the Federal Government’s directive to that effect.

It would also identify any civil servant or political office holder who might have used his or her office(s) to thwart or prevent those indicted from prosecution and possible conviction.

The committee was asked to make other appropriate recommendations and report back to the House within four weeks.

Source: NAN.

Leave a Reply